Bitcoin Volatility Jumps to 3-Month High Ahead of U.S. Election
Investors in crypto and traditional markets bet that impending U.S. presidential election will breed price volatility.
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Investors in crypto and traditional markets bet that impending U.S. presidential election will breed price volatility.
At least according to betting markets, the U.S. presidential election has moved to nearly a 50/50 race versus an easy Trump victory just days ago.
Researchers Justin Drake and Drankrad Feist set off a controversy in May when they revealed that they’d accepted big token payouts from EigenLayer, raising conflict of interest concerns.
The leadership election was set-off by former Prime Minister Rishi Sunak’s decision to resign as party leader.
Prices had rallied early in U.S. trading on Friday alongside a soft economic data and a rebound in stocks.
Tornado Cash developer Roman Storm’s upcoming criminal trial has been pushed to April instead of a previously scheduled December start date, a New York judge ruled Friday.
Foreign real estate deals near sensitive U.S. military bases will get more government scrutiny under a new rule from the U.S. Department of the Treasury that has emerged after President Joe Biden ordered a China-tied crypto mining operation beside a Wyoming nuclear missile base shut down earlier this year.
The intensive energy usage of the Bitcoin network could tempt governments to ban mining due to environmental concerns. A new research paper indicates that could be a mistake, depending on the jurisdiction.
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The network’s monthly average hashrate surged to a record high, the report said.